Common use of Conditions Precedent to the Closing and the First Initial Advance Clause in Contracts

Conditions Precedent to the Closing and the First Initial Advance. The Administrative Agent and the Lenders had no obligation to consummate the transactions contemplated by the Original Loan Agreement and make the First Initial Advance unless:

Appears in 3 contracts

Samples: Loan and Security Agreement (GWG Holdings, Inc.), Loan and Security Agreement (GWG Holdings, Inc.), Loan and Security Agreement (GWG Holdings, Inc.)

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Conditions Precedent to the Closing and the First Initial Advance. The Administrative Agent and the Lenders had shall have no obligation to consummate the transactions contemplated by the Original this Loan Agreement and make the First Initial Advance unless:

Appears in 1 contract

Samples: Loan and Security Agreement (GWG Holdings, Inc.)

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